Report
Manuel Martin, CEFA,CREA

TAG Immobilien AG : Q3 2024 results broadly in line –dividend payments to resume

>FY 2024e outlook confirmed and initial FY 2025e outlook broadly in line - This morning, TAG reported Q3 2024 figures that were broadly in line with our estimates and confirmed its FFO I guidance for FY 2024e of € 170-174m, translating into FFO I per share of € 0.98. Moreover, TAG has provided initial FFO I guidance for FY 2025e of € 172-176m, with our estimate of € 175.4m and FactSet consensus of € 176.8m being at the top-end of the guidance range. TAG has also annou...
Underlying
TAG Immobilien AG

TAG Immobilien is engaged in the acquisition, development and management of residential real estate as well as property sales. Co. operates within two segments: residential and commercial. Co.'s residential property portfolio is concentrated in the regions of Thuringia / Saxony, the greater metropolitan areas of Berlin and Hamburg, and the Salzgitter and North Rhine-Westphalia regions while its commercial portfolio is situated in locations such as Hamburg, Berlin and Munich. As of Dec 31 2013, Co.'s portfolio consisted of 70,587 units and comprised of 4,582,344 sq. m. of floor area.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Manuel Martin, CEFA,CREA

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